The doubt was a direct result of an improperly filled out Form D by the company! The conclusions here were accurate based on that filing!
DO NOT blame an accurate interpretation of an incorrectly filled out form for the selling... put the blame where it belongs... on the guy who couldn't correctly fill out the form! The fact that EXPH has an ex-CEO that was willing to let his stock get clobbered for weeks rather than admit that he screwed up filling out a form should be your real concern!